Ajai Kumar Gupta becomes interim CMD of TCIL

NEW DELHI: The government has appointed Telecom Consultants of India Limited (TCIL) finance director Ajai Kumar Gupta as an interim chairman-cum-managing director of the PSU, as Vimal Wakhlu retires from the post on Jan 31, 2016.

Wakhlu joined TCIL in December 2006 as an executive director and elevated to CMD in December 2011.

Founded in 1978, TCIL is a government-run telecom engineering and consulting company and is currently working on many state-run projects including one with the India Post, on the rural Information and Communication Technology (ICT) solution to facilitate modernization of 129,000 post offices across India.

Gupta, working as director finance with TCIL since July 1, 2011, is a Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India.

With wide experience in handling multilateral agencies and financial institutions, Gupta played key role in formation of joint-venture companies, as a part of business development for TCIL.

In a joint venture formed in 2001, TCIL has a 26% stake in Nepalese telecom company United Telecom Limited.

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Several people ET spoke with about Ericsson’s India operations, including its current and former employees, said the Stockholm-based firm has reduced headcount in the last one year or so across functions, in line with its global restructuring.

Several people ET spoke with about Ericsson’s India operations, including its current and former employees, said the Stockholm-based firm has reduced headcount in the last one year or so across functions, in line with its global restructuring.